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Carrot or Stick: Impact of Pandemic on M-Payment Adoption—Evidence from Emerging Market

In: Digital Economy Post COVID-19 Era

Author

Listed:
  • Avinash Shivdas

    (Amrita School of Business, Amrita Vishwa Vidyapeetham, Amritapuri)

  • Sougata Ray

    (International Management Institute)

  • Dileep G. Menon

    (Narsee Monjee Institute of Management Studies)

  • Rojalin Patri

    (Amrita School of Business, Amrita Vishwa Vidyapeetham, Kochi)

Abstract

This research aims to examine the antecedent and consequent conditions of the widespread use of mobile payment services in developing economies. To achieve this goal, a pre- and post-covid survey of Google Pay users has been conducted to collect data on the prevalence of the digital payment system. The information was examined using partial least squares structural equation modeling (PLS-SEM). Based on the results, it is evident that users no longer care about issues like trust, confidentiality, and the security of their personal and financial information, which were significant concerns for their acceptance of the app before the advent of covid. Similarly, factors like app performance, ease of use, habit, and social influence that were not previously primary in deciding a user’s inclination to adopt the app are now critical. This may be due to the inevitability of using these apps for monetary transactions throughout and after the covid pandemic.

Suggested Citation

  • Avinash Shivdas & Sougata Ray & Dileep G. Menon & Rojalin Patri, 2023. "Carrot or Stick: Impact of Pandemic on M-Payment Adoption—Evidence from Emerging Market," Springer Proceedings in Business and Economics, in: Prashant Mishra & Ashu Sharma & Sayantan Khanra & Sumit K. Kundu & Sushanta Kumar Mishra (ed.), Digital Economy Post COVID-19 Era, chapter 0, pages 61-82, Springer.
  • Handle: RePEc:spr:prbchp:978-981-99-0197-5_4
    DOI: 10.1007/978-981-99-0197-5_4
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